DDM Analysis: 2308.TW

Valuation Snapshot

Stable Growth	$515.44 - $1,671.65	$834.91
Multi-Stage	$339.50 - $370.83	$354.88
Blended Fair Value	$594.90
Current Price	$854.00
Upside	-30.34%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.16%	1.68%	6.41	9.81	5.49	5.49	4.99	4.99	4.99	4.99	4.99	6.27
YoY Growth	-	-	-34.65%	78.91%	0.00%	10.00%	0.00%	0.00%	0.00%	0.00%	-20.47%	15.52%
Dividend Yield	-	-	1.78%	2.93%	1.82%	2.04%	1.73%	4.14%	3.20%	3.84%	3.07%	4.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	49,962.27
(-) Cash Dividends Paid (M)	18,182.80
(=) Cash Retained (M)	31,779.47

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	9,992.45	6,245.28	3,747.17
Cash Retained (M)	31,779.47	31,779.47	31,779.47
(-) Cash Required (M)	-9,992.45	-6,245.28	-3,747.17
(=) Excess Retained (M)	21,787.02	25,534.19	28,032.30
(/) Shares Outstanding (M)	2,604.49	2,604.49	2,604.49
(=) Excess Retained per Share	8.37	9.80	10.76
LTM Dividend per Share	6.98	6.98	6.98
(+) Excess Retained per Share	8.37	9.80	10.76
(=) Adjusted Dividend	15.35	16.79	17.74
WACC / Discount Rate	8.64%	8.64%	8.64%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$515.44	$834.91	$1,671.65
Upside / Downside	-39.64%	-2.24%	95.74%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	49,962.27	53,209.82	56,668.46	60,351.91	64,274.78	68,452.65	70,506.22
Payout Ratio	36.39%	47.11%	57.84%	68.56%	79.28%	90.00%	92.50%
Projected Dividends (M)	18,182.80	25,069.52	32,774.68	41,375.60	50,956.16	61,607.38	65,218.26

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.64%	8.64%	8.64%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	22,858.86	23,075.53	23,292.21
Year 2 PV (M)	27,249.33	27,768.35	28,292.27
Year 3 PV (M)	31,366.81	32,267.23	33,184.73
Year 4 PV (M)	35,223.41	36,578.00	37,971.29
Year 5 PV (M)	38,830.78	40,706.32	42,653.65
PV of Terminal Value (M)	728,699.41	763,895.87	800,439.37
Equity Value (M)	884,228.60	924,291.31	965,833.52
Shares Outstanding (M)	2,604.49	2,604.49	2,604.49
Fair Value	$339.50	$354.88	$370.83
Upside / Downside	-60.25%	-58.44%	-56.58%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Delta Electronics, Inc. (2308.TW)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener